BRIEFLY

Company Town Annex

Time Warner to Sell All Or Part of Atari Stake: Time Warner Inc. said it plans to sell some or all of its 24.5% stake in video game maker Atari Corp. as part of its plan to raise $2 billion to $3 billion. The media, publishing and entertainment giant disclosed its plan in a filing with the Securities and Exchange Commission. Last month, the company said it aimed to sell businesses that do not contribute directly to its bottom line in order to reduce its debt load. At the time, Time Warner did not specify which assets would be sold but it has also held talks regarding its 19.4% stake in Turner Broadcasting System Inc.